Introduction
In recent months Nigeria’s macroeconomic statistics revealed improvements as headline inflation declined from 34.8 percent in December 2024 to a rebased 24.48 percent in January 2025 and continued to ease through mid-2025 (June 2025 at 22.22% and July 2025 at 21.88%). Output growth has shown resilience, with the International Monetary Fund (IMF) projecting GDP growth of 3.4 percent in 2025, while the Central Bank of Nigeria (CBN) remains more optimistic at 4.2 percent, citing gains from higher oil production an
